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November 21, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Pasadena, Business Loans > East West Bank Pasadena Business Loans > Chocolate Xtc, LLC Loan | ||||
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How to Get SBA Loans in Los Angeles, California
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Borrow Money to Buy a Rocky Mountain Chocolate Factory FranchiseNeed money to buy a Rocky Mountain Chocolate Factory franchise? East West Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Rocky Mountain Chocolate Factory franchise? If so, here's a 2005 SBA franchise loan that you should know about. East West Bank was the lender and the entrepreneur was based in Los Angeles, California. SBA Loan Borrower CHOCOLATE XTC, LLC SBA Loan Lender EAST WEST BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445292 - Confectionery and Nut Stores Loan Approval Date 1/11/2005 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $120,000 loan. Remember, feel the fear, and do it anyway. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Rocky Mountain Chocolate Factory Borrowing Money from Friends and Family Find an SBA Lender in Pasadena, California
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